today I will be adding money the account with about â¬2000, basically to do more of the same.
On the current positions:
AEXL, MOO (plain wrangles) & Aegon (long calls apr04) are pushing my nerves. its real hard for me to see 'nothing' happen to the underlying and basically see the premium die. AEX is playing in the 350-355 zone .. just about b/e level on the upside of the wrangle (at this moment!), MOO @ 7.15 now, not even at b/e yet, and Aegon fell back to 12.00.. not so good.
These are the things that are tearing me apart; what do I do now, do I put off the aegon 13 calls? 12 is a long way from 13 and the movement last weeks wasnt too convincing. On the other hand, April is still 2 1/2 months away and 5% in 21/2 months is 'only' 0.1% a day.. so the goal in terms of time isnt too high. Besides that, the salvage value is only 30⬠a call at this time.
Same goes for MOO & Aexl.. they have arrived at points where the salvage value really isnt much, and, for the position, actually a good deal (as in: "get 100 bucks or keep the position going.", i'd definately let the positions roll). Point is I shouldnt have allowed them to get there, with nada salvage value.
Managing this is something I dont quite do right yet (appareantly!). If someone wants to share his ideas or spill his thoughts about this, please do post them!
On to the rest of the positions;
Hagemeyer okt05 looking fine, premium is low (DITM Far out call) and calls are noting about b/e now. The rescue of the company seems to have gone initially ok and the main stakeholder in this baby now seems to be ABN AMRO, no fools, i'd say
No managing problems here, almost no premium to lose & long term play. As long as they dont go broke, im fine
Deutsche telecom, JUN C 14 & P 14 + 16, also looking fine, showing â¬50 profit with about â¬150 in premiums left in the options. DTE itself pulling back from a good buildup to 16 the last months, now at 15.88. Ideally it would rip back HARD now to make optimal use of the now bear-favored position. This is one im wondering about now, too: How far will I allow premium to leak out of the position? When to take profits? I dont have a plan for it because I lack the experience to make a good judge ment about it, again, if you have idea's & suggestions, lets see em!
QQQ, JUN C&P38 +2, FEB C&P38 -1 , looking good, +64 for the position, this one (ratio'd calendar) is actually clear to me, I let em run till last week of frontmonth
so much for the overview. New positions will be taken during expiration week or the week after, all advice & comments about the management of current trades and trade liquidation are welcome.
Tiki
